Spanish police arrest four over attempted sabotage of Vuelta a Espana cycle race August 29, 2023 Spanish police have revealed they foiled an attempt to sabotage a stage of the Vuelta a Espana cycle race by suspected Catalan separatists who planned to flood roads with oily liquid. Four people were arrested after police discovered drums containing 400 litres of a liquid similar to motor oil and a timer device in bushes [...]
The Interview: A hacker vigilante who could break the Internet July 12, 2023 Elena Siniscalco interviews Chris Wysopal, a friendly neighbourhood hacker who also happened to crack into Microsoft back in the '90s
Peloton: Wheels come off for bike maker as UK losses widen to £210m June 20, 2023 Peloton’s UK arm has struggled to keep up the momentum of its pandemic success, with the group posting widening losses as sales of the luxury exercise bike fall significantly from their lockdown peak. In its most recent financial results in the year to June 2022, the American brand’s British division said sales contracted 13 per [...]
Cyclist Cavendish to RETIRE this year May 22, 2023 Mark Cavendish, who has won 34 stages in the Tour de France, will retire at the end of the 2023 season. The 38-year-old from the Isle of Man is currently competing in the Giro d’Italia but could win his 35th Tour de France stage later this year in a feat which would see him surpass [...]
Disney woes and health of banks edged Wall Street lower May 12, 2023 Wall Street edged lower on Thursday, weighed down by a sharp drop for the Walt Disney Company and flaring fears about the health of some US banks. The S&P 500 lost 7.02 points, or 0.2 per cent, to 4,130.62, with two out of every three stocks in the index falling. The Dow Jones Industrial Average [...]
After AI update, Bloomberg looks to boost terminals with more alternative data April 20, 2023 Bloomberg will expand its alternative data offering on its terminals this summer, the company’s chief technology officer told City A.M., after the firm announced that it plans to integrate an ChatGPT-like AI model into its software. Shawn Edwards said the financial data vendor aims to bring new sets of data to its terminals alongside the [...]
Women’s Tour of Britain at risk of cancellation over sponsor issue March 9, 2023 This year’s Women’s Tour is at risk of cancellation if fresh sponsorship cannot be found. Britain’s longest-running major international stage race, which counts Lizzie Deignan, Marianne Vos and Elisa Longo Borghini as former winners, is in peril after the loss of key partners has left a £500,000 shortfall in funding. Organisers Sweetspot announced the route [...]
Peloton slapped with £16m fine over defect which caused child’s death and forced it to recall its Tread+ January 6, 2023 Peloton Interactive has agreed to pay roughly US$19m (£16m) in fines related to its delay in reporting a defect for its treadmills that caused one death and multiple injuries, the US federal consumer watchdog said. The Consumer Product Safety Commission (CPSC) said the fine resolves the agency’s charges that Peloton knowingly failed to immediately report [...]
Peloton keeps tumbling as it warns for Christmas slump November 3, 2022 Peloton has forecast second-quarter revenue below Wall Street estimates as the company continues its two year tumble from grace as the leading stay-at-home stock. The exercise bike maker said it expects current-quarter revenue between $700m and $725m, down from analysts’ estimates of $874m, according to Refinitiv data. In a shareholder letter this morning, the company [...]
Peloton lures CEO back from retirement with £145m package despite tumbling market value October 26, 2022 Peloton lured chief exec Barry McCarthy out of retirement with a handsome package worth $168m (£145m), making him one of the highest-paid bosses in the US. McCarthy, who previously served as chief of finance at both Spotify and Netflix, replaced Peloton co-founder John Foley as CEO of the fitness company back in February. McCarthy is often credited [...]